Abrasion Resistant Coating Market - By Type (Metal/Ceramic {Oxide, Carbide, Nitride}, Polymer {Epoxy, Polyurethane, Fluoropolymer, Polyester}), By End-User Industry (Oil & Gas, Marine, Power Generation, Transportation, Mining, Construction) & Forecast, 20
Description
Abrasion Resistant Coating Market - By Type (Metal/Ceramic {Oxide, Carbide, Nitride}, Polymer {Epoxy, Polyurethane, Fluoropolymer, Polyester}), By End-User Industry (Oil & Gas, Marine, Power Generation, Transportation, Mining, Construction) & Forecast, 2024 - 2032
Abrasion resistant coating market size is projected to witness over 7.4% CAGR from 2024 to 2032, driven by the increasing demand for durable and long-lasting coatings in automotive, aerospace, construction, and manufacturing. These coatings prolong the lifespan of equipment and infrastructure besides reducing maintenance costs, and enhancing operational efficiency. Additionally, stringent regulations and standards regarding environmental protection and worker safety are driving the demand for abrasion-resistant coatings as they offer sustainable and safe solutions for surface protection.
Rapid industrialization, urbanization, and infrastructure upgrades in emerging economies are pushing the preference for abrasion-resistant coatings in applications, such as pipelines, bridges, machinery, and equipment. Moreover, the growing emphasis on preventive maintenance and asset protection in industries, such as oil & gas, mining, and power generation is further fueling the adoption of abrasion-resistant coatings to mitigate wear and corrosion damage. For example, in May 2022, Extreme Coatings, a prominent provider of wear-resistant coating solutions for the plastics, rubber, and oil & gas industries, introduced a new internal diameter High Velocity Oxygen Fuel (HVOF) coating system for the oil & gas and industrial components.
The abrasion resistant coating industry is segmented into type, end-use industry and region
Based on type, the market size from the polymer segment is set to witness notable growth till 2032, due to the ability to offer superior performance and versatility in protecting surfaces from wear and tear. Polymer-based coatings provide exceptional adhesion, flexibility, and resistance to abrasion, impact, and chemicals, making them ideal for a wide range of applications across various industries. Moreover, advancements in polymer chemistry have led to the development of innovative formulations that enhance coating durability, hardness, and abrasion resistance while maintaining environmental sustainability.
By end-use, the abrasion resistant coating market from the marine segment is anticipated to observe a significant CAGR during 2024 and 2032, due to the harsh operating conditions encountered in marine environments. Marine vessels, offshore structures, and equipment are constantly exposed to abrasive forces, such as waves, saltwater, and marine organisms, which can lead to corrosion, erosion, and wear. To that end, abrasion-resistant coatings are employed as they provide crucial protection to marine assets by extending service life, reducing maintenance costs, and preventing costly downtime.
North America abrasion resistant coating industry will showcase impressive growth over 2024-2032, attributed to increasing industrialization, stringent regulatory standards, and infrastructure development projects. The strong focus on sustainability and safety regulations is fueling the demand for coatings as industries prioritize environmentally friendly and compliant coating solutions. Additionally, infrastructure investments in sectors, such as transportation, energy, and construction will stimulate the regional industry growth.
Table of Contents
300 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Technology & innovation landscape
- 3.3 Regulatory landscape
- 3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.1.1 Increased demand from the manufacturing sector
- 3.4.1.2 Rising infrastructure development projects
- 3.4.1.3 Escalating oil and gas exploration activities
- 3.4.2 Industry pitfalls & challenges
- 3.4.2.1 Volatility in raw material prices
- 3.5 Growth potential analysis
- 3.6 Porter's analysis
- 3.6.1 Supplier power
- 3.6.2 Buyer power
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.6.5 Industry rivalry
- 3.7 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
- Chapter 5 Abrasion Resistant Coating Market Size and Forecast, By Type, 2018-2032 (USD Billion, Kilo Tons)
- 5.1 Key trends
- 5.2 Metal / ceramic
- 5.2.1 Oxide
- 5.2.2 Carbide
- 5.2.3 Nitride
- 5.2.4 Other
- 5.3 Polymer
- 5.3.1 Epoxy
- 5.3.2 Polyurethane
- 5.3.3 Fluoropolymer
- 5.3.4 Polyester
- 5.3.5 Other
- Chapter 6 Abrasion Resistant Coating Market Size and Forecast, By End-Use Industry, 2018-2032 (USD Billion, Kilo Tons)
- 6.1 Key trends
- 6.2 Power generation
- 6.3 Oil & gas
- 6.4 Transportation
- 6.5 Marine
- 6.6 Mining
- 6.7 Construction
- 6.8 Other
- Chapter 7 Market Size and Forecast, By Region, 2018-2032 (USD Billion, Kilo Tons)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of UAE
- Chapter 8 Company Profiles
- 8.1 3M Company
- 8.2 Akzo Nobel N.V.
- 8.3 Arkema Group
- 8.4 ASB Industries
- 8.5 Bodycote
- 8.6 EM Coatings
- 8.7 Hardide Coatings
- 8.8 Hempel A/S
- 8.9 Jotun
- 8.10 NEI Corporation
- 8.11 PPG Industries
- 8.12 Praxair S.T. Technology, Inc.
- 8.13 Saint-Gobain Performance Plastics (Saint-Gobain)
- 8.14 SDC Technologies
- 8.15 The Sherwin-Williams Company
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
